Cerebras Systems Director Steven Vassallo Files Form 144 Notice to Sell $9.52M in Stock
Cerebras Systems Inc.
Subscribe to track CBRS
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
Form 144 Notice of Proposed Sale • Company: Cerebras Systems Inc. • Insider: Steven Vassallo (Director) / Vassallo Family Revocable Trust dated 7/15/02 • Shares to Sell: 50,000 Class A common stock • Estimated Market Value: $9,522,000 (~$190.44/share) • Broker: Merrill Lynch • Past 3 Months Activity: Sold 50,000 shares on 08/14/2026 for $10,909,127.75
Comprehensive Analysis
Cerebras Systems Inc. (CIK: 0002021728) Form 144 Filing Analysis
Executive Summary
Director Steven Vassallo, through the Vassallo Family Revocable Trust dated 7/15/02, has filed a Form 144 notice of proposed sale for 50,000 shares of Class A common stock with an aggregate market value of approximately $9,522,000 (implying an estimated market price of ~$190.44 per share).
Transaction Details
- Securities Offered: 50,000 Class A Common Shares
- Aggregate Value: $9,522,000
- Approximate Sale Date: September 4, 2026
- Broker: Merrill Lynch
- Origin of Securities: Acquired via Private Placement on May 5, 2016, for cash consideration.
- Shares Outstanding: 112,247,109 shares (Proposed sale represents ~0.04% of total outstanding shares).
Prior Trading History
- Within the past 3 months, the trust completed a sale of 50,000 shares on August 14, 2026, generating gross proceeds of $10,909,127.75 (~$218.18/share).
Impact & Significance
- Market Impact: Low dilution impact relative to the 112.25M shares outstanding.
- Significance Level: Medium. The filing reflects ongoing liquidity realization by an early-stage investor/director following an earlier August 2026 disposition.
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.